Goodfood Market Corp. · TSX:FOOD
Goodfood Market — Q1 2023 Earnings Presentation
11 slides from Goodfood Market's earnings presentation, Jan 17, 2023
Slide 1: Q1-2023 Earnings Presentation
Q1-2023 Earnings Presentation January 17, 2023
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to a
Slide 3: On the Path to Reach Profitability
On the Path to Reach Profitability 1 Significant improvement in gross margin … • Project Blue Ocean nearing completion with operating efficiencies showing strong results • Gross margin improved 11%+ y-o-y; surpassing 35% 2 … with Continued SG&A and Asset Streamlining … • SG&A excluding marketing red
Slide 4: Active Customers and Net Sales
Active Customers1 and Net Sales Reduction of Quarterly Active Customers1 impacted by discontinuing On-Demand, Flex business has remained stable Quarterly Active Customers1 Net Sales End of period Includes ~11K C$ millions 254,000 On-Demand Active Customers; Weekly customers stable 157,000 148,000 Ne
Slide 5: Gross Profit, Adjusted EBITDA and Net Loss
Gross Profit, Adjusted EBITDA2 and Net Loss Gross Margin improved 730 and 1,160 basis points Q-o-Q and Y-o-Y respectively as operational improvements drove Adjusted EBITDA2 improvements, further buoyed by cost structure initiatives reducing SG&A Gross Profit Adjusted EBITDA2 Net Income & Gross Margi
Slide 6: CFO and CAPEX
CFO and CAPEX Reduced total cash outflow as CFO continues to improve and capital expenditures continue to be reduced compared to $12m invested in Q1 of Fiscal 2022, with overall cash use reduced by $26m on path to positive cash flows Cash Flows Used by Operating CAPEX Activities C$ millions C$ milli
Slide 7: Key Financial Highlights
Key Financial Highlights Goodfood continues to drive meaningful gross margin and Adjusted EBITDA1 improvements on its path to return to profitability and positive cash flows (in millions of Canadian $ except for percentage information) Q1-23 Q1-22 Y-o-Y D Net Sales $47.1 $77.8 -39% Gross Profit 16.8
Slide 8: Outlook: Our Core Purpose Driving Profitable Growth
Outlook: Our Core Purpose Driving Profitable Growth 1 Goodfood’s Core Purpose • Create experiences that spark joy and help our community to live longer on a healthier planet • Focus on meal kits as our cornerstone product delivered weekly with add-ons to help complete our solution to meal planning 2
Slide 9: Q&A
Q&A » goodfood
Slide 10: Metrics and Non-IFRS Financial Measures
Metrics and Non-IFRS Financial Measures The table below defines metrics and non-IFRS financial measures used by the Company throughout this presentation. Non-IFRS financial measures do not have standardized definitions prescribed by IFRS and, therefore, may not be comparable to similar measures pres
Slide 11: Company Contact – Investor Relations & Media
COMPANY CONTACT – INVESTOR RELATIONS & MEDIA Jonathan Roiter, Roslane Aouameur, Chief Financial Officer Vice President, Corporate Development 1 (855) 515-5191 1 (855) 515-5191 IR@makegoodfood.ca IR@makegoodfood.ca